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$EBAY, which competes with $AMZN, said that total gross merchandise volume or GMV (total volume in dollars of sales) was up 6% for 2Q16. $EBAY added over 1MM new buyers to its platform in 2Q16. GMV in the company's Marketplace platform grew 5% YoverY, driven by strength in the U.S.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.